Tande Co.,Ltd.’s Net Profit Dropped 62.6% in First Half of 2023

Tande Co.,Ltd. (天地源股份有限公司) (600665.SH) reported a net profit of 40.9 million yuan in the first half of 2023, down 62.6% year-on-year.

Meanwhile, the company posted 4.8 billion yuan in revenue, up 56.1% year-on-year.

At the end of the reporting period, it had 41 billion yuan in total assets and 35.9 billion yuan in total liabilities, with a liability-to-asset ratio of 87.6%.